filtered air goes to the pump, is pumped out to the top of the combi tower. When the solenoid atop the cam cover gets its signal (eg cold start) it will activate allowing plenum vacuum to suck the combi valve open. The SAI pumped air then flows through this combi valve, down the stack and takes a right angle turn at the base of the stack. From what I understand there's a long horizontal port that links all the exhaust ports. The pump will artificially lean out the mixture prior to the cat. The o2 sensor will see this lean air at start up and this way knows that the pump is running. If you get the CEL its because the ECU knows its running the pump but isn't seeing the desired effect. The aim of the lean mixture is to turn the cat converter into a fan forced furnace and bring it up to operating temperature asap so that precious seconds of potential climate saving cat converting aren't wasted. It should run for about 20 seconds from memory. Basically the engine can run as rich as it needs to or run what timing it needs to (mixtures etc that may not be favourable to the cat) to get a nice clean start and idle, whithout the exhaust gases being too noxious.
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